Ocean carriers are enjoying a bull run of profitability, thanks to demand spikes and inflated freight rates, and now there is a unique opportunity for them to break out of the boom-and-bust industry cycle.
According to consultant AlixPartners’ 2021 Container …

As the post-coup crisis in Myanmar escalates, more shipping lines have suspended cargo bookings and closed local offices.
“The situation is critical,” Maersk Myanmar told customers, “the ongoing unrest is becoming a disaster,”
“Physical safety and mental health is compromised, …

The digitisation of the road freight industry has taken a major step forward after no UN members states raised objections to new amendments to the TIR system allowing digital documentation – known as the eTIR.
“None of the 76 contracting …

It was an absolute pleasure for just over an hour to share my views with Daniel Röska and his crew at Bernstein Research for the webinar: “Bernstein Insight – Global Forwarding: The dawn of the M&A decade”.
The time came …

The UK port of Liverpool will see calls by the 2M transatlantic loop it won from Felixstowe at the end of last year suspended until mid-May, as Maersk and MSC grapple to improve schedule reliability.
The 2M alliance said that, …

Although global trade fared better in 2020 than expected, the World Trade Organisation (WTO) reckons the recovery has peaked, and sees headwinds for this year.
The WTO’s latest Goods Trade Barometer, published in late February, indicates that the decline in …

Shipping groups have urged national governments to support a $5bn research and development plan to accelerate the decarbonisation of shipping.
The governments of Georgia, Greece, Japan, Liberia, Malta, Nigeria, Singapore and Switzerland today submitted a so-called “moon-shot” plan to the …